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Is AB High Income Municipal Advisor Fund (ABTYX) Worth Another Look?

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AB High Income Municipal Advisor (ABTYX - Free Report) a Zacks Rank #2 (Buy) was incepted in January 2010. ABTYX seeks to provide high current income with reasonable level of risk. ABTYX invests lion’s share of its assets in municipal debt securities that are expected to provide interest income exempted from federal income tax. ABTYX invests in both non-investment and investment grade securities, and may invest any postion of its assets in lower-rated securities.

AB High Income Municipal Advisor, managed by AllianceBernstein, carries an expense ratio of 0.61%. Moreover, ABTYX requires a minimal initial investment of $0.

ABTYX has a history of positive total returns for over 5 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 11.20%, 3 year 11.12% and 5 year 7.90%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here.

ABTYX’s performance, as of the last filing, when compared to funds in its category was in the top 4% in 1 year, top 1% over the past 3 years, and in the 3% over the past 5 years.

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